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Ethiopian sovereign wealth fund backs gold miner

  • August 14, 2025
  • Dagmawi Zeleke

Ethiopian sovereign wealth fund backs gold miner

Akobo Minerals, a Scandinavian-based gold producer operating in Ethiopia, has secured an investment from Ethiopian Investment Holdings.

Akobo Minerals, a Scandinavian-based gold producer operating in Ethiopia, has secured an investment from Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund.

EIH will take a 7.4% stake through the private placement of 15 million new shares at $0.20 each, raising $3 million. It is the first time Ethiopia’s sovereign fund has invested in an international company. The proceeds will finance construction of a new vertical shaft, aimed at lifting monthly output from 5–10kg to 50–80kg.

Dr. Brook Taye, CEO of EIH, commented: “Our investment in Akobo Minerals represents a historic and strategic breakthrough for Ethiopia’s economic expansion. As our first international mining stake, it reflects our 3D strategy – we diversify our investment portfolio, drive long-term innovation, and deliver benefits for the nation. Akobo’s sustainable approach and expertise make it the perfect partner for this milestone.”

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የመንግስት የልማት ድርጅቶች ከኢትዮጵያ ተሻግረው በአፍሪካ ገበያ ተወዳዳሪ እና ተመራጭ እንዲሆኑ ለማድረግ እየተሰራ ነው

አዲስ አበባ፤ ጥር 7/2018(ኢዜአ)፦ የመንግስት የልማት ድርጅቶች በኢኮኖሚ ውስጥ ያላቸውን አበርክቶ ይበልጥ በማጠናከር ከኢትዮጵያ ተሻግረው በአፍሪካ ገበያ ተወዳዳሪ እና ተመራጭ እንዲሆኑ ለማድረግ እየተሰራ ‎መሆኑን የኢትዮጵያ

የመንግስት የልማት ድርጅቶችን ከኪሳራ ወደ ትርፍ የቀየረው ጥበብ – ብሩክ ታዬ (ዶ/ር)

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የኢትዮጵያ ኢንቨስትመንት ሆልዲንግስ በሚያስተዳድራቸው የልማት ድርጅቶች ውስጥ የሚነሱ የሙስናና የብልሹ አሰራር ጉዳዮችን ጥቆማ መቀበያ ድረ ገጽና መተግበርያ አዘጋጀ

ጋዜጣዊ መግለጫ ታህሳስ 23 ቀን 2018 ዓ.ም. አዲስ አበባ የኢትዮጵያ ኢንቨስትመንት ሆልዲንግስ በሚያስተዳድራቸው የልማት ድርጅቶች ውስጥ የሚነሱ የሙስናና የብልሹ አሰራር ጉዳዮችን ጥቆማ መቀበያ ድረ ገጽና

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